Mazda plans to raise about $1 Billion to help push for the development of their new hybrid vehicles and future technologies. The Japanese car manufacturer hopes to beef up their funds by selling treasury stocks and new shares.

A reliable source from Mazda was quoted in some reports that it will issue around 363 million shares of the company. This figure translates to about 25% of the existing stock of the carmaker. There are also some information that it will be selling 96.8 million shares it acquired from majority stakeholder Ford.

Mazda did not show early interest on developing hybrid or electric vehicles like the other Japanese car manufacturers. The North American division of the company categorically declared that they will not go into production of such vehicles if they are not sure if it will click with the market. As the demand for greener vehicles becomes the trend, Mazda changed its view and is hoping to produce hybrid units soon.